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A cash account identifies the cash account name and number used for a specific settlement currency for a specific custodian. A unique cash account is comprised of a bank code, cash account, and settle currency. You can associate a single cash account with multiple custodian bank codes for a custodian.

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add custodian bank codes
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Add Custodian Bank Codes

In the Codes workspace, you identify custodian banks by creating code values with a code category name of CUSTODIAN BANK. A custody location refers to the custodian bank in combination with the custody account number. When you set up custodian bank codes for use in cash segregation, you can hold a single asset at more than one custody location.


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Create Cash Accounts

In the Create Cash Account panel, you can add a custodian cash account for use with cash segregation.. 

To create a cash account:

  1. Do one of the following: 
    - In  In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup. 
    - In Reference Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup.
  2. Click Custody Cash Accounts > Create Cash Account.
    You see the Create Cash Account panel.
  3. Complete the options on the Create Cash Account panel.
  4. Click Submit.

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Create Cash Account Panel Options

In the Create Cash Account panel, when you add a cash account, you can select various options based on the requirements of your business. Note options may vary according to your selections.

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Cash Account Information



Bank Code1176Specifies the code value, or short name, used to identify the custodian bank holding the assets.
Bank Name1177Specifies the name of the custodian bank associated with the selected custody bank code.
Cash Account Name11696Specifies the name of the cash account for the custodian.
Cash Account Number11697Specifies the account number of the cash account for the custodian.
Settlement Currency63Specifies the currency for the cash account. You can assign one currency to a single cash account. If a trade settles in different currencies than the asset currency, you create separate cash accounts for each of those currencies.

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Cash Account Detail



Settle Tolerance Trade528Specifies the maximum dollar amount difference accepted when matching bank settlements with trade amounts for open receivables/payables during automated cash matching based on actual cash settlements. If the difference exceeds this tolerance, the system does not allow a match. This tolerance applies to cash with a cash category of Principal (TRADE). The default value of zero indicates an exact match is accepted; enter a non zero value to indicate an acceptable difference.
Settle Tolerance Income527Specifies the maximum dollar amount difference accepted when matching bank settlements with income amounts for open receivables/payables during automated cash matching based on actual cash settlements. If the difference exceeds this tolerance, the system does not allow a match. This tolerance applies to cash with a cash category of Income (INCOME). The default value of zero indicates an exact match is accepted; enter a non zero value to indicate an acceptable difference.
Settle Percent Tolerance Trade770Specifies the maximum percentage difference accepted when matching bank settlements with trade amounts for open receivables/payables during automated cash matching based on actual cash settlements. The system applies the percentage to the open receivable/payable amount. If that amount is less than or equal to the difference between the actual settlement amount and the open receivable/payable, it is considered within tolerance and the system allows a match. If you enter both a settle trade tolerance and a settle trade percent tolerance, the system applies the more restrictive tolerance value. The default value of zero indicates an exact match is accepted; enter a non zero value that is a whole number to indicate an acceptable difference. For example, enter 50 to indicate 50 percent.
Settle Percent Tolerance Income769Specifies the maximum percentage difference accepted when matching bank settlements with income amounts for open receivables/payables during automated cash matching based on actual cash settlements. The system applies the percentage to the open receivable/payable amount. If that amount is less than or equal to the difference between the actual settlement amount and the open receivable/payable, it is considered within tolerance and the system allows a match. If you enter both a settle income tolerance and a settle income percent tolerance, the system applies the more restrictive tolerance value. The default value of zero indicates an exact match is accepted; enter a non zero value that is a whole number to indicate an acceptable difference. For example, enter 50 to indicate 50 percent.
Settle Date Tolerance9699Specifies the maximum difference in days accepted between settle dates when matching bank settlements with open receivables/payables during automated cash matching based on actual cash settlements. If the settle date difference exceeds this tolerance, the system does not allow a match. The default value of zero indicates an exact match is accepted; enter a non zero value to indicate an acceptable difference.
Restricted12861
(For Future Use) Indicates whether the cash account is restricted. A restricted account can accrue interest but is not used for investment purposes, that is, to settle trades. You identify restricted accounts when you accrue interest on cash balances. The system uses this option for reporting purposes. Options include:
  • Yes. The cash account can accrue interest and is not used to settle trades.
  • No. Default. The cash account can accrue interest and is used to settle trades.
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Writer's Note: TONY: is this available yet and ready for review? Use w Cash Projection Viewer enhancement.


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Cash Balance Accrual Election



Accrue Interest on Cash Balances12862Indicates whether the cash account accrues interest on cash balances. See About Cash Balance Accruals for more information. Options include:
  • Yes. The cash account accrues interest on cash balances. If you select Yes, you must identify the cash balance accrual security used for daily accruals in the Cash Balance Security section and the accrual start date. Be aware that if you set the Accrue Interest on Cash Balances option to Yes, you cannot set the Cash Sweep option to Yes. You cannot use the same cash account to accrue interest on cash balances and for cash sweeps.
  • No. Default. The cash account does not accrue interest on cash balances.
Accrual Start Date 2857Specifies the start date for accruing interest on cash balances with this cash account. This field appears if you set the Accrue Interest on Cash Balances field to a value of Yes.

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Cash Sweep Balance Election



Cash Sweep4515Indicates whether the system can sweep the cash account's balance into another asset. You can use this option to sweep cash at the cash account level if you use cash segregation. Otherwise, you can sweep cash at the entity level if you do not use cash segregation. See Manage Cash Sweeps for Cash Segregation for more information. Options include:
  • Yes. The cash account sweeps the cash balance into a sweep asset.  If you select Yes, you must identify the security used for cash sweeps in the Cash Balance Security section. Be aware that if you set the Accrue Interest on Cash Balances option to Yes, you cannot set the Cash Sweep option to Yes. You cannot use the same cash account to accrue interest on cash balances and for cash sweeps.
  • No. Default. The cash account does not sweep cash balances into a sweep asset.
Minimum Balance16726Specifies the amount of the minimum balance needed in order for the system to perform a cash sweep from the cash account into a sweep asset. You must specify a positive number. If you specify a value and the cash balance is positive, the system sweeps cash and creates cash sweep transactions only if the balance is equal to or greater than the minimum balance. If you specify a minimum balance and the cash balance is negative, sweep processing always occurs to cover that negative balance.

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Cash Balance Security



Primary Asset ID14Specifies the primary asset identifier for the cash balance accrual security or the cash sweep asset. A cash balance accrual security has a processing security type of Cash Balance Accrual Security (CRINTC) and a settlement currency that matches the cash account's settlement currency. A cash sweep asset has a processing security type of either STIF (DBSTST) or Mutual Fund (EQEQMF). This field appears if you set the Accrue Interest on Cash Balances field or the Cash Sweep field to a value of Yes. See Set Up Cash Balance Accruals for more information.
Issue Name961Specifies the name for the cash balance accrual security or the cash sweep asset. A cash balance accrual security has a processing security type of Cash Balance Accrual Security (CRINTC) and a settlement currency that matches the cash account's settlement currency. A cash sweep asset has a processing security type of either STIF (DBSTST) or Mutual Fund (EQEQMF). This field appears if you set the Accrue Interest on Cash Balances field or the Cash Sweep field to a value of Yes.
Xref ID1233Specifies the cross reference identifier associated with the cash balance accrual security or the cash sweep asset. A cash balance accrual security has a processing security type of Cash Balance Accrual Security (CRINTC) and a settlement currency that matches the cash account's settlement currency. A cash sweep asset has a processing security type of either STIF (DBSTST) or Mutual Fund (EQEQMF). This field appears if you set the Accrue Interest on Cash Balances field or the Cash Sweep field to a value of Yes.

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Edit Cash Accounts

In the Edit Cash Account panel, you can update a custodian cash account for use with cash segregation.

To edit a cash account:

  1. Do one of the following: 
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup. 
    - In Reference Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup.
  2. Click Custody Cash Accounts > Edit Cash Account.
    You see the Edit Cash Account panel.
  3. Complete the options on the Edit Cash Account panel to identify the cash accounts you want to change and click Submit.
    You can specify the cash account name or number, and can view the settlement currency associated with the cash account. You see information for the cash accounts that met your criteria in the Show All tab.
  4. Select the row for each cash account you want to change and click Change Selected Cash Account.
    You see a row for each cash account you selected.
  5. Change the cash accounts.
    For each cash account you are changing, you can change all values other than the cash account name, number, and settlement currency.
  6. Click Submit.

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List Cash Accounts

In the List Cash Account panel, you can view the custodian cash accounts for use with cash segregation that meet your criteria. You can view cash accounts by entity, bank, or cash account, or for a cash balance accrual security.

To list cash accounts:

  1. Do one of the following: 
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup. 
    - In Reference Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup.
  2. Click Custody Cash Accounts > List Cash Account.
    You see the List Cash Account panel.
  3. Click the Query By field and select the criteria used to list cash accounts. Options include:
    –  All. Default. Includes all cash accounts.
    –  Entity. Includes cash accounts for a specified entity ID and name.
    –  Bank. Includes cash accounts for a specified bank code and bank name.
    –  Cash Account. Includes cash accounts for a specified cash account name and number.
    –  Security. Includes cash accounts for a specified cash balance accrual security, identified by primary asset ID, issue name, and cross reference ID.
  4. Select a value in the Filter by Accrual Lock Date field to indicate whether to include cash accounts based on their accrual lock date. The cash account's accrual lock date indicates when you closed the last interest accrual period for an account. When you accrue interest on cash balances and use the Close Interest Accrual Period option after the coupon drops, the system updates the account's accrual lock date . The lock date is the payment date minus one. Options include:
    –  No Filter. Default. Does not filter cash accounts based on accrual lock date.
    –  Lock Date Equals. Includes only cash accounts with a specified accrual lock date.
    –  Lock Date Does Not Equal. Excludes cash accounts with a specified accrual lock date.
  5. If you set the Filter by Accrual Lock Date field to a value other than No Filter, enter an accrual lock date value in the Date field.
    This value identifies the accrual lock date for cash accounts you are including or excluding from your filter results.
  6. Click Submit.
    You see the cash accounts that met your criteria in the Show All tab.

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Delete Cash Accounts

In the Delete Cash Account panel, you can delete a cash account that is not used by a cash account relationship. Before you use the Delete Cash Account panel to delete an active cash account, remove any existing cash account relationships that use that cash account.

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When you use the Delete Bank Account Relationship panel to delete a bank account relationship, the system also deletes related cash account relationships and cash accounts.

To delete a cash account:

  1. Do one of the following: 
    - In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup. 
    - In Reference Portfolio Data Center, in the left navigation pane, click Portfolio Desk > Accounting Portfolio Setup.
  2. Click Custody Cash Accounts > Delete Cash Account.
    You see the Delete Cash Account panel.
  3. Complete the options on the Delete Cash Account panel to identify the cash accounts you want to delete and click Submit.
    You can specify the cash account name or number, and can view the settlement currency associated with the cash account. You see information for the cash accounts that met your criteria in the Show All tab.
  4. Select the row for each cash account you want to delete and click Delete Selected Cash Account.
    You see a row for each cash account you selected. You cannot change the values for the selected cash accounts.
  5. Click Submit to delete the selected cash accounts..